Short Interest in First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Rises By 81.1%

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 29,161 shares, a growth of 81.1% from the July 15th total of 16,102 shares. Based on an average daily trading volume, of 10,904 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Mid Cap Core AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FNX. Ascentis Independent Advisors purchased a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the first quarter valued at $31,000. Russell Investments Group Ltd. boosted its holdings in shares of First Trust Mid Cap Core AlphaDEX Fund by 5,077.8% during the third quarter. Russell Investments Group Ltd. now owns 466 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares during the period. MidFirst Bank acquired a new stake in shares of First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter valued at $92,000. Compass Financial Management LLC purchased a new position in First Trust Mid Cap Core AlphaDEX Fund in the second quarter valued at about $150,000. Finally, Parallel Advisors LLC increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 942.6% in the first quarter. Parallel Advisors LLC now owns 1,053 shares of the company’s stock worth $135,000 after buying an additional 952 shares during the last quarter.

First Trust Mid Cap Core AlphaDEX Fund Stock Down 0.6%

FNX stock traded down $0.89 during midday trading on Tuesday, reaching $146.68. The company had a trading volume of 1,299 shares, compared to its average volume of 23,752. First Trust Mid Cap Core AlphaDEX Fund has a fifty-two week low of $117.48 and a fifty-two week high of $147.98. The firm has a market capitalization of $1.41 billion, a PE ratio of 14.19 and a beta of 1.06. The stock has a 50 day moving average price of $144.09 and a 200 day moving average price of $138.06.

First Trust Mid Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.266 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.